Duties of Directors and Controlling Shareholders in Relation to Share-Trading.

For nearly a score years the threatened or actual creation, allotment, and issue of company shares by its board of directors have provided the factual background for the leading cases on directors’ fiduciary duty to exercise management powers over shares for a proper corporate purpose. Akin to th...

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Главный автор: Barnes, Kiser Dave
Другие авторы: Fabunmi, J. O.
Формат: Диссертация
Язык:английский
Опубликовано: Obafemi Awolowo University 2014
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author Barnes, Kiser Dave
author2 Fabunmi, J. O.
author_facet Fabunmi, J. O.
Barnes, Kiser Dave
author_sort Barnes, Kiser Dave
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description For nearly a score years the threatened or actual creation, allotment, and issue of company shares by its board of directors have provided the factual background for the leading cases on directors’ fiduciary duty to exercise management powers over shares for a proper corporate purpose. Akin to this matter are legal problems related to the exercise of share voting power by controlling shareholders ratifying directors’ improper issues of shares; and the use of those powers to alter the company’s articles of association in reference to shareholdings. Often in such matters, controlling shareholders breach their duty owed to the company to exercise their share-voting power bona fide in the interests of the company. Whether controlling shareholders act independently or collude with directors in these matters, the capacity of minority shareholders to enforce the duties owed by both organs is diminished by questionable standards of judicial review concerning the nature of the duties involved, and the scope of the division of powers between the board of directors and shareholders in general meeting.
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spelling oai:ir.oauife.edu.ng:123456789-30892023-05-13T11:08:00Z Duties of Directors and Controlling Shareholders in Relation to Share-Trading. Barnes, Kiser Dave Fabunmi, J. O. Share-holdings fiduciary duty share-voting power For nearly a score years the threatened or actual creation, allotment, and issue of company shares by its board of directors have provided the factual background for the leading cases on directors’ fiduciary duty to exercise management powers over shares for a proper corporate purpose. Akin to this matter are legal problems related to the exercise of share voting power by controlling shareholders ratifying directors’ improper issues of shares; and the use of those powers to alter the company’s articles of association in reference to shareholdings. Often in such matters, controlling shareholders breach their duty owed to the company to exercise their share-voting power bona fide in the interests of the company. Whether controlling shareholders act independently or collude with directors in these matters, the capacity of minority shareholders to enforce the duties owed by both organs is diminished by questionable standards of judicial review concerning the nature of the duties involved, and the scope of the division of powers between the board of directors and shareholders in general meeting. 2014-04-08T10:36:03Z 2018-10-27T23:09:40Z 2014-04-08T10:36:03Z 2018-10-27T23:09:40Z 1985 Thesis APA http://localhost:8080/xmlui/handle/123456789/3089 en PDF application/pdf Obafemi Awolowo University
spellingShingle Share-holdings
fiduciary duty
share-voting power
Barnes, Kiser Dave
Duties of Directors and Controlling Shareholders in Relation to Share-Trading.
title Duties of Directors and Controlling Shareholders in Relation to Share-Trading.
title_full Duties of Directors and Controlling Shareholders in Relation to Share-Trading.
title_fullStr Duties of Directors and Controlling Shareholders in Relation to Share-Trading.
title_full_unstemmed Duties of Directors and Controlling Shareholders in Relation to Share-Trading.
title_short Duties of Directors and Controlling Shareholders in Relation to Share-Trading.
title_sort duties of directors and controlling shareholders in relation to share trading
topic Share-holdings
fiduciary duty
share-voting power
url http://localhost:8080/xmlui/handle/123456789/3089
work_keys_str_mv AT barneskiserdave dutiesofdirectorsandcontrollingshareholdersinrelationtosharetrading